Detailed Financial Planning › Budget Plans › Submit Cost Plans as Budget Plans

Submit Cost Plans as Budget Plans

A cost plan must be designated as the POR before you can submit it for approval.

If an approved budget plan exists, and you create or update a cost plan as the new POR, this POR does not become the budget plan once approved. Instead it is used to update the existing budget plan.

Follow these steps:

1. Open the investment.
2. Open the Financial Plans menu and click Cost Plans.

   The cost plans list appears.

3. Open the Actions menu, and from General, click Submit Plan of Record for Approval.

   The submit for approval page appears.

4. Complete the following fields:

   Plan Name

   Defines the name of the budget plan. Accept the default name, which is the original cost plan name, or enter a new name.

   Plan ID

   Defines unique ID for the budget plan.

   Description

   Defines the description for the budget plan.

   Plan Start Period

   Displays the start period of the budget plan. To submit a portion of the cost plan rather than the whole plan for budget, select a different start period.

   Plan End Period

   Displays the end period of the budget plan. To submit a portion of the cost plan rather than the whole plan for budget, select a different end period.

   Status

   Displays the cost plan as submitted.

   Grouping Attributes

   Displays the grouping attributes of the cost plan.

5. Click Submit for Approval.

   The cost plan designated as the POR is submitted as a budget plan.

More information:

Create the Plan of Record

Cost Plans